Metaldyne Files Chapter 11

AUTHOR(S)

Marino, Jonathan

PUB. DATE

June 2009

SOURCE

Mergers & Acquisitions Report;6/1/2009, Vol. 22 Issue 22, p7

SOURCE TYPE

Periodical

DOC. TYPE

Article

ABSTRACT

The article reports on the Chapter 11 bankruptcy protection filed by Michigan auto parts maker Metaldyne. The company also entered into agreements to sell assets to a RHJ International and the Carlyle Group. Jones Day served as the company's restructuring counsel while Lazard Freres and AlixPartners served as its restructuring advisor and financial advisor, respectively.

Reports on the creation of a system of sharing profits by Lazard Freres and Company and its two international counterparts. Names of counterparts; Reasons for the system; When system is expected to take effect.

Reports that Lazard Freres & Co. and the Los Angeles County are in negotiations to resolve a controversy over whether the New York firm in fact overcharged the California municipality for government securities.

The article reports on the decision of Asahi TecCorp., one of the Japanese consolidated businesses of Brussels, Belgium-based RHJ International involved in the automotive components industry, to acquire Metaldyne of Plymouth, Michigan. Their agreement requires Metaldyne, a manufacturer of die...

Reports on a buy-side distressed fund launched by Lazard Freres in 2001. Co-portfolio managers who will lead the fund; Estimated amount in which the fund was launched with; Bankrupt companies that the firm is advising on.

Details the decision of William Loomis to return to New York, New York after spearheading Lazard Freres & Co.'s efforts to build a West Coast operation. Services offered by the company's San Francisco office; Career highlights.